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Countries around the world are welcoming back Chinese tourists, once the largest source of tourism revenue globally. But even as China reopens its borders, the travel industry isn’t expecting things to bounce back to what they were just yet. Here’s why.
In 2017, NPR called school planetariums “relics of the space race.” Because that’s what they’ve become.
Environmentalists and electric vehicle advocates are accusing the world's largest automaker, Toyota, for dragging its feet, and even opposing electrification. But Toyota, argues that many of those markets aren’t ready for electric vehicles.
The Federal Trade Commission proposed a new ban on noncompete clauses, which the agency says hurts workers and competition. Companies argue they protect trade secrets. WSJ breaks down what a federal ban could mean for workers and businesses.
The food in your kitchen cabinets may not be what it seems. Fraudsters motivated by economic gain secretly infiltrate the global food market through a variety of means, including counterfeits, dilutions, substitution and mislabeling.
Amazon has rolled out more than 1,000 electric Rivian vans in at least 100 U.S. cities since July, bringing big changes for some of the 275,000 drivers delivering 10 million packages a day around the world.
After working for years to catch up on U.S. technology, China has developed a chip that can rival Nvidia’s powerful A100. WSJ unpacks the processors’ design and capability as the two superpowers race for dominance in artificial intelligence.
As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first.
A Starbucks opens every nine hours in China. Since the coffee giant opened its first store in China in 1999, it has launched 6,000 stores around the mainly tea-drinking nation and plans to increase its number of stores to 9,000 by 2025.
Dean Baldwin Painting, founded in 1965, is an aircraft painting company with five facilities across the U.S. It has painted aircraft for some of the largest airlines in the world, including United, Delta and JetBlue.
Apple is facing an uphill battle as it plans to shift its production out of China. Here’s why it’s difficult to replicate Foxconn’s ‘iPhone City’ in Zhengzhou and the company’s finely-tuned ecosystem in countries like India and Vietnam.
Boeing’s 747 is one the most recognizable planes to take to the skies with its iconic hump, four engines, extensive landing gear and sheer size. Since its first commercial flight in 1970, Boeing’s 747 jumbo jet has flown more than 3.5 billion passengers.
From India becoming the world’s most populous country, to an illegal drug that might be approved as a medicine, The Economist offers its annual look at the year ahead. - From the Economist
In recent years, the city’s railyards have seen severe bottlenecks as the supply chain choked up nationally. With $3 trillion in goods traveling through Chicago every year, the city is the busiest rail hub in the U.S.
As China reopens after nearly three years of isolation, the U.S. and several other countries will require travelers to show a negative Covid test.
E-bikes are becoming increasingly popular in the U.S. and are even outpacing the electric and hybrid car sales. However, they're also more dangerous than traditional bicycles.
What stories should you be following in 2023? From India becoming the world’s most populous country, to an illegal drug that might be approved as a medicine, The Economist offers its annual look at the year ahead.
With assets totaling over $3 trillion, Bank of America is the second-largest bank in the U.S. behind J.P. Morgan Chase. Shares of the company have seen astonishing gains of over 290% in the last decade.
When members of the Federal Reserve make public statements, investors tend to listen. Over the past 2 decades, central bankers have consistently shared key information about the future trajectory of important inputs like interest rates.
The United States now has a skilled trade labor shortage of around 650,000 people, but among them it’s carpenters who top the list. Where have they all gone? We break it down to three reasons.
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"Die of Success? Give me a break. We've only just started." - Amancio Ortega, Zara's Founder
Continuing our global journey to learn something new our next stop is the retailer Zara. As of January 2023, the Inditex group which includes Zara operated nearly 6,000 stores worldwide.
In 1963, Amancio Ortega opened Confecciones GOA, a small dressmaking workshop in La Coruna in Galicia, Spain. Zara was born in 1975 and originally it was called Zorba, an inspiration from Amancio’s favorite movie ‘Zorba the Greek’. Turns out a bar nearby already had taken the Zorba name.
The Inditex Group was born in 1985 as a holding group to bring multiple companies, including Zara under one banner. Inditex actually stands for ‘Industria de Diseño Textil’.
Zara’s designers create 40,000 new designs annually, out of which up to 12,000 go into production. From the design stage to production, distribution, and appearing for sale in a Zara store, it takes up to 15 days (industry average is 4 to 6 months). Annually, the company produces 500 million pieces of clothing.
Most global fashion brands pump 3% to 7% of their revenues into advertising. For Zara, the advertising budget is 0.3% and most of it is used on store displays. 85% of the clothes are sold at full price.
La Coruna and visiting Inditex stores throughout the world such as this Zara in Milan was one of my favorite retail activities. Their focus on innovation and continuous improvement have also been a core inspiration to my career. As the opening quote from Amancio reminds us, if you truly enjoy what you are doing, every day, you are just getting started.
Shoppers force retailers to face ever-changing digital marketing dynamics
Online shoppers continue to open and purchase from email marketing. Facebook advertising is the social channel most likely to lead to a purchase. 55% of online shoppers surveyed don’t purchase as a result of influencers. - From Digital Commerce 360 Read more
Nvidia Joins the Trillion Dollar Club
America’s largest semiconductor company has vaulted past the $1 trillion market capitalization mark, a milestone reached by just a handful of companies including Apple, Amazon, and Microsoft. - From Visual Capitalist
Why Converting Passenger Planes To Cargo Jets Costs Millions -CNBC
With the demand for converting retired passenger planes into cargo haulers surging, this lucrative trend allows these older jets to serve a new mission, transporting goods ranging from produce to pharmaceuticals worldwide. Read more
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